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SBP announces monetary policy
The Government has decided to continue with the existing interest rate that is set on 14 per cent.
The Government has decided to continue with the existing interest rate that is set on 14 per cent.
LAHORE: The State Bank of Pakistan (SBP) has announced the monetary policy for the next two months on Saturday.
The government has decided to continue with the existing interest rate that is set on 14 per cent.
Addressing a press conference in Lahore, Director Monetary Policy Hamza Ali Malik revealed the key features of the monetary policy.
He said that the rate of inflation has slightly decreased in the last two months while the budget deficit is increasing as the government did not increase the petroleum prices for the period.
Malik said that he is hopeful that inflation will decrease in the coming two years.
Correction: March 26th, 2011
An earlier version of this article incorrectly stated Hamza Malik as the Governor of SBP.
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Hamza Ali is the Governor?
I should hope inflation will come down next year and the next. Of course we should not only rely on “hope”. We need good policies too — fiscal, monetary and structural. . Recommend
This is a illusion, if drastic measures are not taken and soon!! very soon!!
Also in regards to inflation decreasing over two years!! on what basis is this statement made, as the current evidence suggests to the contarary!!!
The implematation of taxation is still a huge issue and without it all the rest of the factors will fall apart too.
Mr Malik being hopeful and ground reality are two different things!!!!Recommend
pls Pakistanis we must pay taxes it has to be progresive taxation for every Pakistani in order to inrease our wealthRecommend
Hamza is the defacto Governor as the dejure is unable to do anything for the economy?Recommend